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Retail ETFs Hitting Highs Ahead Of Holidays

Benzinga.com
0 Comments| November 13, 2014

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The retail sector is on fire with many of its biggest names trading at or near new yearly highs. Heading into the most lucrative part of the year for retailers, they will be looking to make the most of this holiday season and end 2014 with a bang.

The surge by a large number of retailers could be attributed to the increased discretionary income available to American families. It appears that many of those families are using their excess discretionary income at their local Wal-Mart Stores, Inc. (NYSE: WMT), Costco Wholesale Corporation (NASDAQ: COST) and a number of other retailers.

Since October 16, Wal-Mart is up 7 percent, Costco is up 12 percent (as well as sitting at an all-time high) and Target Corporation (NYSE: TGT) is up 12 percent. Macy’s, Inc. ...

/www.benzinga.com/etfs/sector-etfs/14/11/5007934/retail-etfs-hitting-highs-ahead-of-holidays alt=Retail ETFs Hitting Highs Ahead Of Holidays>Full story available on Benzinga.com

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